DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive OEM Coatings Market by Type, Layer and Vehicle Type - Global Opportunity Analysis and Industry Forecast, 2014-2022" report to their offering.
Automotive OEM coatings are the specialty paints and coatings used in automobiles for decoration and protection purposes. The layer formed by the application of both paints and coatings amounts to approximately 100 µm. Initially, chromium, lead, and other heavy metals were employed in automotive coatings. The use of toxic chemicals and compounds is prohibited due to introduction of several environmental regulations, leading to use of water-based paints and coatings. Around 85% of the lacquer paint evaporates into the air, which pollutes the atmosphere. To overcome the undesired effects of these toxic chemicals, enamel paint is being widely used globally.
The market has witnessed tremendous opportunities globally, owing to increase in the production and demand for automobiles, growth in demand for advanced technologies, and better quality products. Furthermore, rise in per capita disposable incomes and the overall economic growth is further anticipated to boost the market growth during the forecast period. Upsurge in number of vehicle collisions demanding servicing and reconditioning of the vehicle is in turn boosting the overall demand for automotive OEM coatings.
Moreover, rise in demand for recreational vehicles especially among youngsters, growth in demand for repair, maintenance and renovation of old vehicles as well as rising consumption of powder coatings, owing to its superior characteristic properties, such low emissions of volatile compounds and relatively thicker layer as compared to traditional automotive coatings are some factors anticipated to bring impetus in the global market. However, volatile prices of raw materials and difficulty in sourcing these raw materials are some key elements anticipated to hamper the market growth.
Companies Mentioned
- Beckers Group
- Cabot Corporation
- Berger Paints
- Eastman Chemical Company
- Valspar Corporation
- Clariant AG
- Deft, Inc.
- Jotun A/S
- Royal DSM
- Lord Corporation
-
Solvay S.A.
Key Topics Covered:
CHAPTER 1. INTRODUCTION
CHAPTER 2. EXECUTIVE SUMMARY
CHAPTER 3. MARKET OVERVIEW
CHAPTER 4. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY TYPE
CHAPTER 5. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY LAYER
CHAPTER 6. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY VEHICLE TYPE
CHAPTER 7. GLOBAL AUTOMOTIVE OEM COATINGS MARKET, BY GEOGRAPHY
CHAPTER 8. COMPANY PROFILES
For more information about this report visit http://www.researchandmarkets.com/research/cvsxxt/automotive_oem
